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Overview / Commentary
317-569-7420
11555 N Meridian St, # 400
Carmel, IN 46032

Merchants Bank of Indiana is headquartered in Carmel and is the 8th largest bank in the state of Indiana. It is also the 273rd largest bank in the nation. It was established in 1923 and as of March of 2018, it had grown to 193 employees at 5 locations. Merchants Bank of Indiana has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #8056
Year Established1923
Employees193
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.91%
Return on Equity - YTD16.05%
Annual Interest Income$28.7MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$3.63B$2.80B
LoansQ1 2018vs Q1 2017$2.60B$1.72B
DepositsQ1 2018vs Q1 2017$3.03B$2.50B
Equity CapitalQ1 2018vs Q1 2017$424.4MM$261.1MM
Loan Loss AllowanceQ1 2018vs Q1 2017$9.7MM$6.6MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$2.0MM$3.2MM
Real Estate OwnedQ1 2018vs Q1 2017$0$0
Rates

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Locations


Merchants Bank of Indiana Locations
Indianapolis Bank Branch3737 East 96th StreetIndianapolis, IN 46240
Spartanburg Branch6880 South Arba PikeLynn, IN 47355
Merchants Bank Of Indiana11555 N. Meridian Street, Suite 400Carmel, IN 46032
Merchants Bank Of Indiana Carmel Office Branch11590 North Meridian StreetCarmel, IN 46032
Lynn Branch7375 South Us Highway 27Lynn, IN 47355

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